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$250,000
4
3
3,228 Sq. Ft.
605 University Avenue, Bloomington, IL
$219,500
502 E Locust Street, Bloomington, IL 61701
3 Beds
3 Baths
- Sq. Ft.
***SELLER WILL PAY $2,000 TOWARDS BUYER'S CLOSING COSTS*** Centrally located 3-unit building. Two bedroom unit just updated with brand new kitchen, fresh paint and flooring as well and is vacant and ready to househack or put your own renter in! Property features a 2 bedroom, a 1 bedroom, and an efficiency apartment. Gas and electricity are separately metered for all units. Per the previous listing, there was a new water main in 2016 and a new roof in 2009. Separate meters for Gas & Electric. Each unit has its own furnace but one water heater for the building which is on a separate meter as well. There is a hookup so potential to put a washer and dryer in the basement. The owner pays Water & Gas for the Water Heater ONLY. Property is being sold as-is where-is. All information is believed to be accurate but not guaranteed.
Overview for 502 E Locust Street, Bloomington
Number of Units3
Taxes$3,506
Sq. Footage-
Lot Size-
Bedrooms3
Bathrooms3
Laundry-
NeighborhoodBloomington
Unit Floor Level-
Property StatusActive
Property TypeTwo to Four Units
MLS #12222430
List DateDec 06, 2024
Days on Market97
Investment Details for 502 E Locust Street, Bloomington
| Unit # | Floor Level | Sq Ft | Rooms | Beds | Baths | Sec Deposit | Rent | Lease Exp |
|---|---|---|---|---|---|---|---|---|
| Unit #1 | 1 | 0 | 4 | 2 | 1 | $0 | N/A | |
| Unit #2 | 2 | 0 | 3 | 1 | 1 | $650 | MTM | |
| Unit #3 | 3 | 0 | 2 | 0 | 1 | $525 | $575 | MTM |
Financial Info for 502 E Locust Street, Bloomington
- Gross Income-
- Annual Net Operating Income-
- Other Income-
- Other Expense-
- Janitor Expense-
- Water Expense-
- Repairs / Decor Expense-
- Fuel Expense-
- Trash Expense-
- Manager Expense-
- Electricity Expense-
- Insurance Expense-
Interior Features for 502 E Locust Street, Bloomington
Bathroom Information
- # of Baths: 3
Heating and Cooling
- Heating Fuel: Natural Gas, Forced Air 0
School information for 502 E Locust Street, Bloomington
- Elementary SchoolBent Elementary
- Elementary School District87
- Middle or Junior SchoolBloomington Jr High School
- Middle or Junior School District87
- High SchoolBloomington High School
- High School District87
Payment Calculator for 502 E Locust Street, Bloomington
$1,554 per month 30 Years Fixed
Principal and Interest $1,261.67
Property Taxes $292.18
HOA Dues $0
/month
/month
Exterior, Parking & Pets for 502 E Locust Street, Bloomington
- SubdivisionFranklin Park
- Lot Size82 X 255
- OwnershipFee Simple
- Built before 1978Yes
- Age100+ Years
- StyleTraditional
- ExteriorVinyl Siding, Other, Combination
- PoolNo Private
- WaterfrontNo
- Parking
- Parking Type: No Parking
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Schools near 502 E Locust Street, Bloomington
Enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home
| School Information | Type | Grades | Rating |
|---|---|---|---|
Bent Elementary School  0.6 ml | Public | KG-5 |   2 |
Regional Alop School 0.6 ml | Public | 7-12 | NR |
Safe School Program 0.6 ml | Public | 7-12 | NR |
Bloomington Jr High School 0.6 ml | Public | 6-8 | 2 |
Bloomington Area Career Center 0.7 ml | Public | 11-12 | NR |
Facts for 502 E Locust Street, Bloomington
As of 03/18/2025, 502 E Locust Street in Bloomington Illinois is listed for $219,500 and has been on the market for 97 days. 502 E Locust Street has 3 bedrooms, 3.0 bathrooms, and 0 square feet. There are currently 2 3-bedroom, 3.0-bathroom Two to Four Unitss in Bloomington, which have an average asking price of $192,250. The highest-priced 3-bedroom, 3.0-bathroom Two to Four Units in Bloomington is $219,500, while the lowest-priced 3-bedroom, 3.0-bathroom Two to Four Units is asking $165,000.
Listing Office: Vesta Real Estate LLC
309-433-0813
309-433-0813
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Fulton Grace Realty are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.